The Land Of The Fading Sun

May 2011
Forbes Asia;May2011, Vol. 7 Issue 6, p76
The article reports that the government deficit spending of Japan jumped to 6 percent of the Gross Domestic Product (GDP), and the government net debt increased from 11 percent of the GDP in 1991 to 121 percent in 2010, due to Japan's earthquake in 2011. It states that foreigners own only 5 percent of the Japanese government debt, as compared to 50 percent of the U.S. Treasury. It mentions that the Japanese exports will decrease because of production and supply-chain problems.


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